LCI Industries filed an 8-K with the Securities and Exchange Commission on November 10, 2026, disclosing that its Board of Directors unanimously rejected a revised unsolicited, non-binding acquisition proposal from Monomoy Capital Partners as the company remains party to a pending merger agreement with Patrick Industries, Inc.

Key Highlights

  • Board rejection: The Board of Directors, consulting outside financial and legal advisors, unanimously determined that the Revised Monomoy Proposal does not constitute a superior proposal and is not reasonably likely to lead to a superior proposal.
  • Existing merger agreement: LCI Industries entered into an Agreement and Plan of Merger with Patrick Industries, Inc. on June 30, 2026, providing for a two-step merger structure involving two wholly owned Patrick subsidiaries.
  • Merger structure: Under the agreement, First Merger Sub would merge with and into LCI Industries, followed immediately by LCI merging with and into Second Merger Sub, leaving Second Merger Sub as a direct wholly owned subsidiary of Patrick.
  • Proxy materials effective: The Form S-4 registration statement (File No. 333-299100) was declared effective by the SEC on October 19, 2026, and the definitive joint proxy statement/prospectus began mailing to stockholders on or about that date.
  • Supplements filed: Supplements to the definitive joint proxy statement/prospectus were filed on October 30, 2026, November 9, 2026, and November 10, 2026.
  • Exchange listing: LCI Industries common stock, $0.01 par value, trades on the NYSE:LCII.

LCI Industries Rejects Monomoy Proposal Amid Pending Patrick Industries Merger

LCI Industries, a Delaware corporation headquartered in Elkhart, Indiana, that manufactures components for the recreational vehicle and adjacent industries, disclosed in its November 10, 2026 current report that it received a revised unsolicited, non-binding proposal from Monomoy Capital Partners to acquire all outstanding shares of the company. According to the filing, the Board of Directors, acting in consultation with its outside financial and legal advisors, unanimously concluded that the Revised Monomoy Proposal "does not constitute a superior proposal and is not reasonably likely to lead to a superior proposal."

The filing notes that this determination was made in the context of LCI Industries' existing Agreement and Plan of Merger with Patrick Industries, Inc., signed on June 30, 2026. That agreement contemplates a two-step transaction: first, Planet First Merger Sub Inc., a newly formed Delaware corporation and direct wholly owned subsidiary of Patrick, would merge with and into LCI Industries, with LCI surviving as a direct wholly owned subsidiary of Patrick. Immediately following, LCI Industries would merge with and into Planet Second Merger Sub LLC, a newly formed Indiana limited liability company and direct wholly owned subsidiary of Patrick, with that entity surviving as a direct wholly owned subsidiary of Patrick.

The filing states that the registration statement on Form S-4 covering the proposed merger was declared effective by the SEC on October 19, 2026, and that the definitive joint proxy statement/prospectus was mailed to stockholders of both LCI Industries and Patrick Industries on or about that same date. Three supplements to that proxy statement were subsequently filed: on October 30, 2026, November 9, 2026, and November 10, 2026. The filing also notes that forward-looking statements contained in the report are subject to risks and uncertainties identified in the company's cautionary language, including risks related to regulatory approvals, integration, and the satisfaction of closing conditions.

What Was Disclosed

LCI Industries reported via an 8-K that its Board unanimously rejected a revised acquisition proposal from Monomoy Capital Partners, finding it not superior to the existing merger agreement with Patrick Industries, Inc. that was signed June 30, 2026 and remains pending.